tag:blogger.com,1999:blog-2249851329008146395.post1741886024776294792..comments2023-10-30T09:11:12.922-07:00Comments on Clouded Outlook: Ireland's credit rating downgraded; worse to comeAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2249851329008146395.post-39053998570240713622009-03-30T12:52:00.000-07:002009-03-30T12:52:00.000-07:00A lot of empty Irish homes, I suppose.A lot of empty Irish homes, I suppose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-19404339381106911282009-03-30T15:14:00.000-07:002009-03-30T15:14:00.000-07:00We could do with some new houses here.We could do with some new houses here.Joshnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-38443483835378124522009-03-30T16:11:00.000-07:002009-03-30T16:11:00.000-07:00And yet the Economist this week reports Ireland to...And yet the Economist this week reports Ireland to have the second highest Per Capita GDP in the Union behind only Luxembourg. Its PCGDP being almost 50% higher than that of the UK. <br><br>They will survive I expect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-52143492827664676522009-03-30T22:51:00.000-07:002009-03-30T22:51:00.000-07:00378,000/182,000 does not equal 2.5.378,000/182,000 does not equal 2.5.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-55631291991279055962009-03-30T23:29:00.000-07:002009-03-30T23:29:00.000-07:00Anon ^6:51,Thanks for picking that up. I had orig...Anon ^6:51,<br><br>Thanks for picking that up. I had originally compared household growth (2002-2006) with household construction between 2002-2008, which does give a ratio of 2.5. <br><br>However, I realized that this wasn't quite the right thing to do and in the post I quoted the 378,000 number. However, I didn't ammend the formula in the spreadsheet and mistakenly quoted 2.5.<br><br>Again, thank you for your helpful comment<br><br>AliceAlice Cookhttp://ukhousebubble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-18255567293096478322009-03-31T03:14:00.000-07:002009-03-31T03:14:00.000-07:00I have mixed views on this. I think it is the same...I have mixed views on this. I think it is the same as Spain. After all this has eventually blown over, the population of both Spain and Ireland will have relatively cheap access to housing from over-supply.<br>This will leave them with more disposable income and ultimately a better economy. They will have managed to cut out the "rentier" from their economies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-17385008084799737932009-03-31T06:13:00.000-07:002009-03-31T06:13:00.000-07:00Ashes to AshesPeat to Peat.....Ashes to Ashes<br>Peat to Peat.....deariemenoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-28145847331947702292009-03-31T06:15:00.000-07:002009-03-31T06:15:00.000-07:00More seriously, if you build a lot of houses very ...More seriously, if you build a lot of houses very quickly it's pretty likely that your road-building won't have kept up. That would mean that many houses are pretty badly placed for commuting. Is that true of Ireland?deariemenoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-45198942004373455912009-03-31T07:53:00.000-07:002009-03-31T07:53:00.000-07:00For info on the Irish economy try http://www.finfa...For info on the Irish economy try http://www.finfacts.com/<br><br>Housing prices will drop considerable over the next few years<br>One estimate is a reduction of 85%irishmaninbostonnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-89396241033392201332009-03-31T08:34:00.000-07:002009-03-31T08:34:00.000-07:00They will have managed to cut out the "rentie...<i>They will have managed to cut out the "rentier" from their economies.</i><br><br>That will not be allowed to happen - we cannot have people living their own lives!Anonymousnoreply@blogger.com